Statements recorded by Authorities are “Admissible Evidence” under PMLA, proceedings are deemed ‘Judicial’: Supreme Court

The Supreme Court has ruled that statements recorded by authorities under the Prevention of Money Laundering Act (PMLA) are admissible as judicial evidence. The court confirmed that these proceedings are deemed judicial, affirming their legal validity. This ruling strengthens the enforcement of PMLA, allowing recorded statements to be used in trials and furthering the act’s objective of combating money laundering. The decision has significant implications for ongoing and future investigations, where such statements can now play a crucial role in determining outcomes in court.